Skills Development Center

Analysis

Skills Development Center is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Skills Development Center reported income of $99k and spending of $95k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $219k to $99k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Skills Development Center sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Deseret Heritage Association ($99k), Harvest of Hope Food Pantry ($99k) and Latinos in Action California Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 92% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.